The Bank of England (BOE) cut its key interest rate to 4.25% from 4.5%, marking its fourth reduction in seven meetings. This decision came a day after the Federal Reserve chose to keep rates unchanged, illustrating the growing divergence between the U.S. central bank and its global counterparts in response to economic challenges.
The BOE’s move aligns its total reduction in borrowing costs with that of the Federal Reserve. This action reflects concerns over President Trump’s tariffs and their potential impact on global trade and economic stability.
— new from WSJ